Luminar Technologies, Inc. (LAZR)
After hours:
| Previous close | 1.6800 |
| Open | 1.5300 |
| Bid | 1.6500 x 4200 |
| Ask | 1.7100 x 2300 |
| Day's range | 1.5300 - 1.6900 |
| 52-week range | 1.2100 - 8.3200 |
| Volume | |
| Avg. volume | 7,892,775 |
| Market cap | 744.105M |
| Beta (5Y monthly) | 1.49 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Barrons.com
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- Reuters
Luminar to cut nearly 20% jobs as part of restructuring
Luminar is also looking to sub-lease some of its facilities in portions or fully, reducing global footprint as part of the restructuring. Lidar sensors help self-driving cars and driver-assistance systems gain a three-dimensional map of the road, and is considered a key to achieving full autonomy in vehicles.
- Barrons.com
Luminar Lays Off 20% of Its Workforce
Luminar Technologies is laying off 20% of its workforce, according to a company memo reviewed by Barron’s. “We stand at the crossroads of two realities: the core of our business has never been stronger across technology, product, industrialization, and commercialization; yet at the same time, the capital markets perception of our company has never been more challenging,” reads part of the company-wide communication from CEO Austin Russell. “These kinds of decisions are never easy, and we’re taking steps to provide significant support for our exiting employees,” added Russell.
